Copytrading allows you to invest your capital by copying other investors’ portfolios. When you select someone to copy, whenever that person makes a trade, you will make a proportionately-equivalent trade in your own account. Trades are made automatically, as long as you have enough money in your own account. You can protect yourself from some potential losses from copytrading by implementing stop-losses or diversifying between multiple traders.
https://www.youtube.com/watch?v=Bs6pIGKPYJc
Key Takeaways:
- One drawback is that you have no way of knowing how much of their own money a trader is playing with.
- With around 2.5 million traders to choose from on eToro, selecting the best can be quite a daunting task. But we can help!
- Must have a 12 months trading history Must be active (1 trade per week, over last 12 months) Must have a consistent performance with no drawdowns greater than 25%
"Past performance is not an indication of future results."
Originally published at What You Didn’t Know About Copytrading – eToro webinar
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